Shared CFO Services
Shared CFO Services
Importance & merits of having a CFO is an open secret & widely recognized fact. Presence & availability of an experienced professional is invaluable and immeasurable for organization that has CFO onboard. Many organizations, especially SME’s, though intend to hire but find it prohibitive to appoint a fulltime CFO.
But why an entity deprive itself from benefit that accrues or emanate from experience of qualified professional who can work as CFO for their organization on time sharing basis. This time sharing allows SME’s and new businesses get benefited from experienced professional at friendly cost. GBS therefore present or brings a solution as shared CFO services.
Shared CFO Service also known as part time CFO or interim CFO or outsourced CFO or virtual CFO. It is an ideal arrangement for SME’s & newly started businesses. During growth or otherwise, entities require an experienced & qualified person to drive and give impetus to vision & plans of owners & the board. For most SME’s & new businesses, hiring a full time employee CFO is prohibitive in terms cost to company. It is equally possible that sometime a full time CFO may not be required. A shared CFO is win-win for SME and new businesses to be benefited yet be cost effective.
Shared part time CFO Service
CFO Advise & Helps in increasing return, reducing costs through effective & efficient financial management practices
Financial management
- Planning, Forecasting, Budgeting
- Cash flow, Fund flow and Working capital
- Risk mitigation, Insurance
- Review existing facilities &/or Restructuring
- Standard operating policies & Procedures
Reviews
- Receivables, Payables, Inventory
- Financing cost review
- Accounting process, Internal systems & Controls
- Accounts, Financials and MIS review
- overseeing accounting, book-keeping
Reports
- Budgets to actuals variances
- Financial statements analysis, key ratios and other analyses
- Guiding in designing/preparing MIS
- Helping in identifying optimum profit/cost centers
- Other reports specific to business
Need senior finance leadership without the cost of hiring a full time CFO?
You may also write to us : info@kaa.ae